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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: James Bender who wrote (3790)8/15/1998 9:44:00 PM
From: Ernest R. DeSaye Jr.  Respond to of 7039
 
And I thought you might actually be able to post something without an attack on someone or some rediculous innuendo... guess not. Some things never change.



To: James Bender who wrote (3790)8/15/1998 9:58:00 PM
From: Binder  Respond to of 7039
 
I think it is a disservice to anyone reading this thread (who is not already all too familiar with this stock) to add fuel to the rumor that DF144 or MX153 or whatever is going to be a part of this company. Besides the fact that it is a RUMOR, and there had been nothing concrete from the company neither confirming nor denying it, there are other points to consider:

1) WHY would Spriggs, if his interest were production of this stuff,
be coming to Midland, who admittedly has no assets?
We are always told to use common sense, and to me, that makes no
sense. Maybe its just me.

2) Are we really sure that Spriggs even has rights to this stuff?
Are his rights exclusive? Does he share rights with anyone else?

3) Is it even the same stuff? If the name has changed, wouldn't it
be safe to assume that the formula has changed at least a
little? Would that create the need for more tests, etc...?

IMO, if this stuff ever IS produced, it will be tied up in litigation for years. The shareholders of Novagaz, Midland, and anyone else who invested money in "the dream" (or nightmare) have every right to reap the benefit from its production. However, while everyone is in court fighting over it, one of the bog boys will have already come up with their own solution for the replacement of MTBE. Our dumb luck, it will get setteled just when some tree hugger finds something wrong with ethanol and IT gets banned!

I think it is wishful thinking. I know, this meeting hasn't happened yet, so we have not heard the whole song. But, the melody is frighteningly familiar.

Let's get the black and white, and make sure it's real, because we've all been there, done that, and I don't think ANY of us want to go thru what we've dealt with for the last 3 months again.

Just my opinion, back to the other boob tube. <g>

Binder



To: James Bender who wrote (3790)8/15/1998 10:20:00 PM
From: Kurt N  Read Replies (3) | Respond to of 7039
 
>>I'll bet nothing happens and or there is a continuance, and then another continuance and then it will be out of the present investors lives because by that time everyone will finally wise up and move on with their investments<<

My understanding is that the money/stock in the Bahamas is frozen, until the court case is over with and a judgement made. A continuance would mean that Fisher (who says that the money and stock is legitimately his, and that he is entitled to it) would delay him getting his money. If the money is rightfully his, why a delay tactic??

Continuance's are not automatically granted and there must be an acceptable reason given to the judge. The reason for the first one could be lame, but each succesive continuance request would have to have a better reason (or else the Judge will deny it, and the court case would be argued, and if the intent to delay is obvious cite the party for contempt of court.)

Kurt